Best Business and Economics Books of 2018 - The Economist

Tuesday, Dec 4, 2018
by Violeta Rosenthal

The Economist lists Radical Markets, Euro Tragedy and Crashed among the best five business and economics books of 2018.

Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric Posner and E. Glen Weyl, argues for an expansion in the role of markets as a way out of the current liberalism impasse.  The Economist says "Some of their [Posner and Weyl] ideas -on property rights, elections, immigration and much besides-are impractical, and other eccentric; but together they point to a possible response to the challenges of populism and protectionism."   E. Glen Weyl is currently a Visiting Research Scholar at the Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) and a Researcher at Microsoft Research. He teaches an undergraduate course based on his book at Princeton University.  Last September, JRCPPF sponsored a public book talk where Weyl discussed the main elements of his book with Ann Stilz, Professor of Politics and Human Values at Princeton University.

Euro Tragedy: A drama in Nine Acts by Ashoka Mody, is a comprehensive and authoritative history of the euro. The Economist says that the book "laments the intellectual failures present at the foundation of the single currency area and in the mishandling of the response to the sovereign-debt crisis after 2010."  Mody is a faculty affiliate of JRCPPF and a Visiting Professor in International Economics at Princeton.  Last October, Mody discussed his book at a public event sponsored by JRCPPF. 

Crashed: How a Decade of Financial Crises Changes the World by Adam Tooze, is a panoramic survey of he aftermath of the financial crash of 2018, discussing the immediate response, the euro-zone, the austere fiscal shift in the developed world and the rise of populism in Europe.  The Economist concludes that "The author has little faith in the ability of governments to take decisive action when the next crisis hits."  Adam Tooze is Professor of History at Columbia University.  A book talk, sponsored by JRCPPF, is scheduled for February 28th at 4:30 pm, details of the talk are here.